The sale and transfer of property valued at RM500,000 and below will now be subjected to a 1% conveyancing fee. Taking effect today, it came about with the revision of the fee structure in the Solicitors’ Remuneration Order by the Bar Council last year. The revision, which was approved by ... Read More

1 City, is an upcoming mixed use development with commercial and residential components by World Corporate Construction Sdn. Bhd. at Bukit Minyak. They are located off Jalan Pinang, just a stone’s throw away from Bukit Minyak Industrial Park. This development comprises a total 102 units 2 and 3-storey shop offices ... Read More

The economic climate has not deterred developers from planning multi-billion ringgit projects in Penang. The general consensus is that the current slow period is part of the property cycle and not something sinister like the 1997/98 Asian Financial Crisis. In time, the situation will turn around and they are preparing ... Read More

Yet another upcoming residential development at Sungai Nibong. Proposed by Venn Harmony Sdn. Bhd., located along Persiaran Pantai Jerjak and next to SK Sungai Nibong. It's about 15 minutes walking distance from the future LRT station. This development will the construction of a mixed of landed and high-rise properties: Phase ... Read More

Five Malaysian artists are set to make their way into the Guinness Book of Records soon for painting the world's tallest mural on Penang's Komtar tower. The World's Tallest Mural project, which is sponsored by Only World Group (OWG), will see the artists attempting to paint a colossal homage to ... Read More

Vittoria, an upcoming commercial development by Aspen Group at Aspen Vision City in Batu Kawan. It is strategically located next to Vertu Resort Condominium and the future Columbia Asia Medical Centre, right opposite KDU University College (under construction). This development will see the construction of six office towers, which includes: 5 blocks of ... Read More

Property transaction has undeniably indicated a downtrend pattern for past few years. However, people’s obsession with home ownership did not exhibit any declining effect. In fact, we experienced consistent upsurge in our pageviews. By comparing our Jan & Feb 2017 traffic vs the same period in 2015 and 2016, approximately ... Read More

If you are looking for a ready, more secure and less speculative type of property, you would probably look at the secondary market first rather than those that are still under construction offered by housing developers. While the costs of entry are higher in the secondary market compared to buying ... Read More

Penang Pakatan Harapan and Barisan Nasional (BN) submitted today a historic joint motion to the prime minister to address high loan rejection rates affecting home buyers in the state. State executive councillor Jagdeep Singh Deo said state Opposition Leader Datuk Jahara Hamid had signed the joint motion together with Penang ... Read More

The Real Estate and Housing Developers’ Association Malaysia (Rehda) would like to see special end-financing schemes, such as the Skim Pembiayaan Fleksibel (SPEF) that was created exclusively for Perbadanan PR1MA Malaysia homes, applied to private developments as well. Rehda national treasurer Datuk Muztaza Mohamad said this is something the association ... Read More